The beautiful country of Spain has a lot to offer, including fascinating historical sites, stunning beaches, breath-taking mountain views, and sophisticated cities.
Parliamentary Constitutional Monarchy
The Spanish government launched its golden visa program in 2013 in an effort to boost the country’s economy. Foreign investors can now obtain residency for themselves and their families by investing €500,000 into real estate, which can be rented for income. The Spanish residency permit is granted for two years, and it can then be renewed for five years. The Spanish government does not require golden visa holders to live in Spain at all, and all family members will have the right to travel throughout the Schengen zone without any other visa applications. The renewal of the residency permit can be done online from anywhere in the world. After five years, golden visa holders can apply for permanent residency, but this will require them to have lived in Spain for at least six months of each year. After 10 years, it is possible to apply for citizenship.
Children below the age of 18
Parents (Must be financially dependents on the main applicant)
With this investment option, Non-EU investors can buy a commercial or residential property in any government-approved real estate projects at a minimum cost of €500,000. The applicant must remain the owner of the property in order to qualify for Spain residency permit renewal. The investor can either reside in the property or lease it to generate rental returns on the investment. Once the applicant acquires permanent residency or citizenship and a passport, residency permit renewals become unnecessary, and the property can be sold.
Citizens of Spain enjoy an abundance of benefits and enticing perks that make the Spanish passport one of the most valuable in the world. The Spain passport ranks as the 4th strongest passport globally in terms of visa-free travel to 188 countries. To qualify for Spanish citizenship and a passport, applicants are required to spend at least six months of every year in the country for no less than ten years.